Treasurys turn up, dollar drops after jobs sink

DeborahLevine

NEW YORK (MarketWatch) -- Treasury prices recovered and the dollar turned down against the euro on Friday after the Labor Department said that U.S. private employers added 65,000 jobs in September, less than economists had forecast. Total employment, including government workers, fell by 95,000 last month. Analysts said the worse the number is, the more likely the Federal Reserve and policy makers will act to prop up the economy. Yields on 10-year notes
TMUBMUSD10Y, +0.64%
which move inversely to prices, turned down by 1 basis point to 2.38%, after rising between 3 and 5 basis points before and just after the release. The dollar index
DXY, -0.08%
a measure of the U.S. unit against a basket of six major currencies, fell to 77.156, compared with 77.606 before the report 77.462 on Thursday. The euro
EURUSD, +0.1194%
rose to $1.3980, compared with $1.3888 earlier and $1.3914 in late North American trading on Thursday. Versus the Japanese yen, the dollar
c_jpy
fell to ¥82.06, from ¥82.40 earlier and compared with ¥82.39 late Thursday.

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